Jaro Institute of Technology Management and Research Limited has announced the renewal of its exclusive partnership with Symbiosis International (Deemed University) for a five-year period, extending a collaboration that has become one of the company's most significant institutional relationships. The partnership, valued at ₹450.00 crores over the past three years, focuses on expanding access to recognised undergraduate and postgraduate programmes across India.

Partnership Performance and Financial Impact

The collaboration with Symbiosis International University has demonstrated strong performance since its inception in February 2023. Key partnership metrics include:

The partnership focuses on supporting student counselling and acquisition for academic offerings by Symbiosis School for Online and Digital Learning Centre for Distance and online learning education (SSODL), reflecting sustained learner demand across the programme portfolio.

Programme Portfolio and Service Scope

Under the renewed agreement, Jaro Education will continue providing admissions-related services for an expanded range of Symbiosis programmes. The comprehensive programme portfolio includes established offerings and newly added courses:

Core Programmes:

• Master of Business Administration (MBA)
• Bachelor of Business Administration (BBA)
• Bachelor of Computer Applications (BCA)
• Master of Science (Computer Applications)
• Master of Science (Data Science)
• Bachelor of Science (Economics) Honours
• Master of Science (Economics)
• Master of Arts (Mass Communication)

Newly Added Programmes:

• Master of Science (Applied Statistics)
• Master of Arts (International Studies)

Strategic Significance and Business Impact

The partnership renewal delivers multiple strategic benefits for Jaro Education's business model. According to the company, the collaboration strengthens multi-year revenue visibility and institutional depth while enhancing scalability and operating leverage. The agreement deepens Jaro's presence in the higher-education degree segment and reinforces the company's focus on long-term, high-quality partnerships.

Jaro Education operates a scalable, asset-light, tech-enabled business model, supporting more than 268 programmes and over 350,000 learners through partnerships with more than 36 premier Indian and global institutions. The company acts as a bridge between academic institutions and learners, supporting the complete programme lifecycle from admissions and learner outreach to delivery enablement across online and hybrid formats.

Management Commentary

Commenting on the renewal, Sanjay Salunkhe, Chairman and Managing Director of Jaro Education, emphasised the partnership's alignment with the company's educational approach. He noted that Jaro's role extends beyond enabling online delivery to helping strong academic institutions scale responsibly without losing academic intent. Salunkhe highlighted Symbiosis's deep academic credibility and national reputation, stating that by taking ownership of systems around the classroom, from admissions to learner support, the partnership ensures academic strength reaches learners at scale in a structured and outcome-driven manner.

Symbiosis International (Deemed University), ranked 24th nationally, is recognised as one of India's leading multidisciplinary universities, offering programmes across management, technology, economics, data science, and media studies. The university is known for its academic rigour, industry-aligned curriculum, and national footprint, making it a strategic partner for Jaro's educational services platform.

Veranda Learning Solutions announced through a regulatory filing that its subsidiary J.K. Shah Classes has entered into a strategic partnership with Jaro Education to expand online commerce education delivery across India. The collaboration, disclosed to stock exchanges on December 17, 2025, aims to scale structured and outcome-driven commerce education, particularly targeting Tier 2 and Tier 3 cities through enhanced digital infrastructure.

Partnership Framework and Strategic Objectives

The exclusive partnership combines J.K. Shah Classes' four-decade legacy in commerce education with Jaro Education's technology-enabled learning infrastructure. Under this arrangement, Jaro Education will support the digital delivery and selective scale-up of J.K. Shah Classes' commerce programmes by providing technology infrastructure and learner support services. This collaboration addresses India's growing demand for qualified commerce professionals, with the President of the Institute of Chartered Accountants of India (ICAI), Mr. Charanjot Singh Nanda, projecting that the country will require nearly 50 lakh (5 million) Chartered Accountants by 2050.

Veranda's Commerce Education Consolidation Strategy

As part of its Veranda 2.0 strategy, Veranda Learning has consolidated its commerce vertical under the newly created entity, J.K. Shah Commerce Education. This integration encompasses multiple brands including J.K. Shah Classes, BB Virtuals, Navkar Digital Institute, Tapasya College of Commerce and Management, and Logic School of Management. The company is currently in the process of obtaining stock exchange approvals for the demerger, aiming to create a focused, debt-free platform for the high-growth commerce education segment within 7-12 months.

Company Capabilities and Market Position

J.K. Shah Classes operates as a category leader in coaching for professional commerce certifications including CA, CS, CMA, CFA, and ACCA, educating over 50,000 students annually across 111 centres. The institution's academic impact is reflected in 2,072 CA rankers and 245 CS rankers, supported by an alumni network comprising senior corporate leaders, entrepreneurs, and contributors to national governance.

Founded in 2009, Jaro Education has established partnerships with more than 36 premier Indian and global institutions over 16 years, including 7 IIMs, 7 IITs, top NIRF-ranked universities, and Ivy League Universities. The company delivers accredited degree and professional programs through an integrated online and hybrid framework, maintaining a portfolio of over 268 programs and supporting more than 350,000 learners.

Leadership Vision and Market Alignment

Dr. Sanjay Salunkhe, Founder CMD of Jaro Education, emphasised the partnership's alignment with national economic goals: "Commerce stands as a cornerstone of economic vitality and national progress. This collaboration with J.K. Shah Classes strengthens India's commerce education ecosystem by combining deep academic excellence with scalable, technology-enabled reach. In harmony with NEP 2020 goals, we will broaden opportunity, elevate the Gross Enrolment Ratio, and cultivate a robust pipeline of commerce leaders."

Prof J.K. Shah, founder of J.K. Shah Classes, highlighted the institution's commitment to quality outcomes: "Our academic journey spans more than 40 years, and our focus has always been on outcomes that stand the test of time. Through this partnership with Jaro Education, we are translating our classroom-led academic depth into structured high-quality online delivery while remaining true to our academic values and professional standards."